Strategies to ensure law professionals are paid fairly and on time.
Nearly all private practice attorneys work for a fee. Whether that fee is hourly, contingent, or flat, nearly all attorneys require payment for their services to survive. Yet, very few attorneys can claim a 100% realization rate on their fees charged (a fancy term for defining what percentage of your billed work is ultimately paid). Whether it was a failure to observe red flags with the client during intake, or failure to properly monitor the accounts receivable during the representation, many holes exist that, if plugged, would increase an attorney's realization rate. This topic will assist in identifying these issues and provide recommendations on how to remedying them. In addition, this information will identify some ethical issues that can arise relating to fee agreements. The material will conclude with a description of the process to undertake if a client fails to make their agreed upon payment for legal services.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
Client Intake
- Engagement Letter
- Budget
- Retainer or Advanced Fee Deposit
Ethical Concerns With Fee Agreements
Communication With the Client
- Timely Billing
- Timely Follow-up on Receivables
Internal Safeguards for Monitoring Receivables
- Policies
- Automated Alerts
Enforcement
- Withdrawal as Counsel
- Collections Efforts
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 19, 2019.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.0 including Ethics 0.25
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit, of which includes 0.25 hours of ethics credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jefferson Hayden
Gammage & Burnham, PLC
- Partner in the office of Gammage & Burnham, PLC
- Practice emphasis in litigation, with a focus in collections, real estate, commercial, health care, and ethics
- J.D. degree, Washington University in St. Louis; B.S. degree in operations research and industrial engineering, Cornell University
- Can be contacted at [email protected] or 602-256-4406
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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